855 Valley Road in Clifton — Courtesy: NAI James E. Hanson
By Tina Traster
A regional health care system is expanding with its purchase of a 63,000-square-foot medical office building in Clifton, brokers with NAI James E. Hanson announced.
The buyer, whose name was undisclosed, plans to build a 20,000-square-foot outpatient surgery center on the top floor of 855 Valley Road and will lease the balance of the building, according to a news release. NAI Hanson’s Darren Lizzack and Randy Horning represented the purchaser in the deal with Bliss Valley Associates LLC, the seller, noting that they will also lease the 43,000 square feet of available space.
“Northern New Jersey continues to see an unbelievable amount of competition for well-maintained and easy-to-access medical office spaces,” Lizzack said. “In such a tight market, we knew that identifying an off-market deal would be the only way we could help our client find a building that met its needs. We’re proud to have been able to provide a solution for our client that will allow them to extend their reach and provide its valuable services to the local community.”
Sitting on 2.09 acres, 855 Valley Road is a four-story office building with 24-hour controlled access.
